GOLDMAN SACHS INVESTS IN ENN
By Adnews Staff
New York-based investment banking and securities firm Goldman Sachs has made an investment in Toronto-based Elevator New Network. The investment is part of a US$6 million financing plan to expand ENN's operations across North America. In addition, Goldman's family of real estate opportunity funds, Whitehall Street Real Estate Limited Partnerships, has signed a letter of intent to install the ENN network into its office properties located throughout the U.S. Currently ENN operates its in-elevator news service in over 500 elevators in the Toronto, Calgary and Vancouver markets. Final negotiations have been entered into with landlords in New York and Chicago and ENN expects to launch its network in U.S. properties shortly following the conclusion of those negotiations.